Learning from past technology projects In 2018, Lloyd’s predicted that blockchain was about to transform the market. The three-hundred-year-old institution threw itself into the pursuit of blockchain-enabled transformation. As did a handful of big-name carriers (more on that below). Several million pounds and some hefty consultancy fees later, however, initial high hopes fell back to […]

The distributed ledger or blockchain technology that underpins cryptocurrencies like bitcoin and ethereum, has long been heralded as a game changer for the insurance sector. A lot of the early hype focused on US-based renter’s and homeowners insurance provider Lemonade which makes extensive use of distributed ledger technology and AI and donates profits to charity.   […]